Global Home Entertainment Biz Sags

LONDON Falling DVD purchases and rentals by consumers have contributed to a drop of more than $2.6 billion in the global video biz sector, according to the latest figures Monday from Screen Digest.

Internationally, last year consumers spent $26.4 billion on video software, with $18.1 billion of that spent on buying DVD discs. The overall figure represents a 3.6 percent drop on 2007 spending and a 4.7 percent drop on disc sales alone, the research shows.

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